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Pan African Resources plans to nearly double gold output at Mogale with Soweto tailings project.

Market News
11 Sep 2026
Proactive Investors
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Bullish
Pan African Resources plans to nearly double gold output at Mogale with Soweto tailings project.

Pan African Resources has completed a feasibility study for its Soweto Tailings Retreatment project in South Africa, aiming to increase annual gold production at its Mogale complex to around 100,000 ounces. The project involves retreating tailings with reserves of about 0.98 million ounces, using existing Mogale infrastructure to reduce costs. Capital expenditure is estimated at US$216 million, with a projected internal rate of return of 29.55% and a payback period of about three years. Construction is expected to start after board approval in December 2026, with environmental permits anticipated in 2027. The project also supports environmental rehabilitation by addressing historical liabilities on the West Rand.

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